- Fiji Revenue and Customs Services (FRCS) has launched a guidebook on Value Added Tax (VAT) to promote voluntary compliance.
- About 40% of government revenue comes from VAT.
- The guidebook aims to simplify the understanding and application of VAT legislation.
- It is targeted towards emerging businesses, sole traders, small and medium businesses, and anyone planning to become a VAT-registered taxpayer.
- The guidebook was made possible with the assistance of the Asian Development Bank (ADB) and the Fiji Government.
- The FRCS VAT Guide is now available to all taxpayers on the FRCS website.
Source: fijitimes.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
